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Global IT investments to increase in 2012

Anuradha Shukla | April 12, 2012
ISACA survey indicates IT is very important to the delivery of the enterprise’s strategy and vision.

Forty-four percent of enterprises worldwide plan to increase IT investments in 2012, according to a survey by ISACA, a non-profit global association of more than 95,000 IT governance professionals.

A recent global survey of more than 3,700 IT professionals who are members of ISACA indicates that 74 percent of executive teams see information and technology as very important to the delivery of the enterprise's strategy and vision.

Forty-one percent experienced a high cost of IT with a low or unknown return on investment in the past 12 months.

During the same period, 38 percent of the respondents said there was a disconnect between business and IT strategies, 22 percent experienced a security breach and 21 percent reported challenges related to mobile device security.

New business framework

ISACA has also released a business framework for the governance and management of enterprise IT called COBIT 5 that promotes seamless continuity between an enterprise's IT department and its overall business goals.

COBIT 5 represents a major evolution of the globally accepted framework in use at enterprises worldwide for over 15 years and is available as a free download at www.isaca.org/cobit.

"COBIT 5 offers a much-needed common vocabulary and set of processes to enlist stakeholders from across the organisation-not just IT-in considering the issues and impact of key business and technology issues such as cloud computing, growth of mobile devices and BYOD (bring your own device), data privacy and cyber security threats," said John Lainhart, CISA, CISM, CGEIT, CRISC, CIPP/G, past international president of ISACA and co-chair of the COBIT 5 Task Force.

The new business framework can be tailored to meet an enterprise's specific business model, and provides globally accepted principles, practices, analytical tools and models to help business and IT leaders maximise trust in, and value from, their enterprise's information and technology assets.

 

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